498 E 5th Ave, Vancouver, BC | MLS^® R3070657 Property Details

Prime Mt. Pleasant Corner Lot at East 5th and St. George presenting an outstanding opportunity for investors and developers alike. Ideally situated on a quiet residential street within one of Vancouver’s most vibrant communities. Just steps to schools, parks, and all of the amenities found along Main Street. Short stroll to the Seawall, Olympic Village, False Creek Flats, and the new St. Paul's Hospital. Development opportunities abound with it's current RM4 zoning coupled with it's MNAA high-density designation within the Broadway Plan. Transit Orientated and within 200m from the new Great Northern Way - Emily Carr SkyTrain station. The sites hillside placement provides exceptional City + North Shore Mountain view opportunities. Currently collecting rental revenue of $5,225/m.

General Info

Price $1,799,000

Total Bedrooms 4

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 1458

Lot Size 3267

Lot Size Depth Feet

Lot Size Frontage 49.5

Basement Full, Partially Finished

Basement Features BasementFeatures

Property Metrics

Year Built 1910

Age Of Building 115

Building Type Single Family Residence

Property Type Residential

Stories 2

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3070657

Area Vancouver East

Neighbourhood Mount Pleasant VE

City Vancouver

Gross Taxes $7,310.97

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

Heating & Cooling

Fireplace 0

Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Open, Side Access, Concrete

Total Parking Spaces 1

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Strata Restrictions -

Rental Restrictions -

Zoning RM4

Rental Suites None

Laundry In Unit

# of Kitchens 1

Flooring Mixed

Foundation Concrete Perimeter

Locker -

View Description North Shore Mountains + City

Units In Development -

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	15'1 x 15'1 ft
Main Level	Family Room	14'4 x 14'4 ft
Main Level	Dining Room	10'8 x 10'8 ft
Main Level	Kitchen	17'8 x 17'8 ft
Above Level	Bedroom	13'6 x 13'6 ft
Above Level	Bedroom	11'8 x 11'8 ft
Above Level	Bedroom	13'6 x 13'6 ft
Below	Other	31'3 x 31'3 ft
Main Level	Bedroom	10'8 x 10'8 ft

Listed by: RE/MAX Crest Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary

Vancouver Technical Secondary School

5.19 km

Elementary

Mount Pleasant Elementary School

0.24 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

St. Francis Xavier

0.14 km

Secondary

Columbia College

0.64 km

Closest Transit

Translink

Eastbound Great Northern Way @ Carolina St

0.14 km

Skytrain

Skytrain @ Vcc-Clark Stn

0.93 km

Noise/ Power Lines

Road/Hwy Noise

Unlikely

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 498 E 5th Avenue, a stunning property located in the heart of Vancouver, BC. As we step into this vibrant community, I'd like to share with you the many highlights that make this neighborhood a sought-after destination for homebuyers.

Education

Let's start with the schools. This property is serviced by the highly-rated Mount Pleasant Elementary School, just a 0.24 km stroll away. With a rating of No Rating, this school is a great option for families. Additionally, Vancouver Technical Secondary School is nearby, with a rating of No Rating and a distance of 5.19 km.

However, for those seeking a more exclusive educational experience, the closest Elementary independent school to this home for sale is St. Francis Xavier, boasting a stellar rating of 9.8/10 and a proximity of just 0.14 km. For Secondary education, Columbia College is just 0.64 km away, with a rating of No Rating.

Safety

When it comes to safety, the latest crime data from Statistics Canada (2020) reveals that the neighborhood surrounding 498 E 5th Avenue, Vancouver, BC has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. The total crime rate has seen a year-on-year decrease of 14.94%. Specifically, the drug crime rate is Average, with a rating of 229.49 and 1,604 incidents in 2020. The property crime rate is Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. The violent crime rate is Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

Transit

Located in a prime spot, this property is just a short walk to the Eastbound Great Northern Way @ Carolina St bus station, situated 0.14 km away. With easy access to public transportation, commuting to work or exploring the city is a breeze.

Demographics

This neighborhood boasts a diverse community, with 46.6% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. Conversely, 7.3% of the population has no certificate or degree, which is Low compared to the average in BC.

The median household income is $58,832, which is Below Average compared to the British Columbia average. However, the median personal income is $41,461, which is Above Average in comparison to the BC average. A notable 74.3% of households in this census subdivision are mortgaged, which is High.

Community

The unemployment rate in this area is 4.9%, which is Low compared to other province neighborhoods. The population growth between 2011 and 2016 was 22.3%, which is High compared to average growth rate of this region. The population density per square kilometer is 4,702.9, which is High.

Family and Lifestyle

The average size of families in this area is 2.3, which is Low compared to the whole region. The percentage of families with children is 32%, which is Low. The percentage of married or living common law is 46.5%, which is Low.

The average age of the population is 38.9, which is Below Average compared to other BC cities. The average value of dwellings in this neighborhood is $512,551, which is Above Average compared to other areas in British Columbia.

Housing

The average owner payments are Above Average in this area, with owners spending an average of $1,475 on their dwellings. Tenants are paying $1,128, which is also Above Average compared to other cities.

Language and Transportation

A notable 59.7% of the population in this district are renters, which is High compared to other BC cities and areas. The language demographics show that 14.7% of the population speaks both English and French, which is Above Average. English speakers only make up 84.2% of the population, which is Below Average.

In terms of transportation, 27.6% of the population uses public transport, which is High. 41.7% use cars, which is Low. 15.4% use bicycles, which is High, and 13.8% walk, which is also High.

In conclusion, 498 E 5th Avenue, Vancouver, BC (MLS^® R3070657) is a fantastic property located in a vibrant community with excellent schools, a diverse population, and easy access to public transportation. Whether you're a family, professional, or simply looking for a great place to live, this property has something to offer.